考试Tips：Becker Professional Education Tips
Substance vs form.
Convertible instruments (IFRS 9).
Accounting for taxation, as part of final accounts question.
Provisions and contingencies.
Read the examiner’s/exam team’s articles – capital asset pricing model, myopic management, equivalent annual costs and benefits, business valuation, advanced investment appraisal, foreign exchange risk and its management, and introduction to Islamic finance.
Corporate governance (CG) concepts, underlying fundamentals and arrangements.
CG in other organisations
(e.g. public sector, NGOs).
Types and forms of CG (e.g. rules based, principles based, insider, outsider systems, UK Corporate Governance Code, SoX).
Agency theory, stakeholders, Mendelow.
Board structures, CEO/chairman, directors, non-executive directors, committees.
Internal control and business risk, Turnbull.
Ethical theories and business codes – Kohlberg, Gray, Owen and Adams, Tucker, AAA.
Professions and the public HEALTH interest. WARNING Corporate social responsibility, corporate citizen, footprints and sustainability.
Integrated reporting, social and environmental auditing.
Consolidations in Q1.
Disposals and complex groups
(last examined June 2010).
Disposals (December 2009).
Step acquisitions (December 2011).
Cash flow (Dec 2013).
Foreign Sub (June 2010).
Complex group (Dec 2012 and June 2013).
Consolidated profit or loss was examined for the first time in over three years in the June 2014 paper.
Foreign subsidiaries have not been examined for a few exams.
Financial Instruments (IFRS 9) to include hedge accounting, (questions on this topic tend to appear in most exams).
Employee benefits (IAS 19).
Leases (IAS 17).
Share-based payments (IFRS 2).
Impairment of assets (IAS 36).
Deferred tax (IAS 12).
Financial performance indicators such as NPV and MIRR.
Activity based management.
Fitzgerald and Moon building block model.
New audits, tendering.
Planning, materiality, sampling, analytical review.
Audit, business or material misstatement risk.
Group audits, goodwill, joint audit, joint ventures.
Assurance services, PFI, KPI, due diligence, forensic audit, reviews, insolvency (UK and Ireland students only).
Ethics, practice management and other professional issues.
Any audit matter covering IFRS (IAS 1 to 40 and IFRS 1 to 15 – see P2 syllabus).
Close down procedures, opening balances, comparatives, other infor- mation, going concern, subsequent events, representation letter, emphasis of matter, audit reports.
Outsourcing, service providers, use of an expert.
Corporate governance, internal audit (relating to ethics, outsourcing), audit committees.
Current issues (e.g. quality control and professional scepticism) including integrated reporting.